International Business. Chapter Four The Economic Environment Facing Business. Elements of the Economic Environment. Gross Domestic Product and Gross National Income GDP/GNI growth Per capita income Purchasing Power Parity Human Development (HDI of UNDP) Green measures of development.
The Economic Environment Facing Business
Implication of the following factors for managers:
Economic system: the set of structures and processes that guides the allocation of scarce resources and shapes the conduct of business activities in a nation
Discuss the Features of an Economy and their implication for an international business manager.
Explain the Balance of Payments account with its four subheads. Why is it important to in international business manager?
What are the three types of economic systems? How can we evaluate them? Explain.
What changes are evident in the world economy today? Explain this in view of the rise of the emerging nations, BRIC, and G20.